BULK DEALS
Gangwal family trust offloads 5.2% in IndiGo through Rs 8,400 crore block deal; Morgan Stanley buys stake
Rakesh Gangwal, through his family Trust 'The Chinkerpoo' executed the deal at Rs 4,715 apiece. Meanwhile, Morgan Stanley picked up 28.54 lakh shares in the company under the deal.
Fairfax, Bain look to buy Gujarat API company Farmson
Canadian billionaire Prem Watsa's Fairfax Group and Bain Capital are in competition for a buyout of Farmson Basic Drugs, a leading API maker in India valued at ₹4,000 crore. Founded in 1969, Farmson is a major paracetamol manufacturer with a revenue of ₹1,750 crore in FY24. The company's concentrated focus on paracetamol production is a strength, but limited R&D poses challenges for diversification.
Adani entity sells 2.76% in Ambuja Cement for Rs 4,251 crore
Billionaire Gautam Adani's entity, Holderind Investments, sold 2.76% stake in Ambuja Cements for Rs 4,251 crore through an open market transaction. GQG Partners purchased shares worth '1,679 crore, increasing its stake from 1.35% to 2.04%. SBI Life Insurance and NPS Trust were among other buyers. Adani Group plans to raise '30,000 crore by selling shares in listed firms to rebalance its $126 billion portfolio.
Morgan Stanley buys a piece of Cyient DLM as promoter Cyient trims stake in Rs 879-crore bulk deal
Cyient Ltd sold 14.5% of its subsidiary Cyient DLM, raising Rs 879 crore. Major investors like Morgan Stanley and HDFC Mutual Fund acquired the stake. Funds raised will support the semiconductor business and debt repayment.
Investor Frenzy: Block deals hit Rs 8,364 crore this week; Suzlon, FirstCry, Infosys see major action
Within the largecap segment, 15 companies saw substantial block deals amounting to Rs 5,077 crore. IndiGo topped the list with 4 block deals valued at Rs 1,351 crore. Other notable deals involved Infosys (Rs 786 crore), HDFC Bank (Rs 402 crore), TCS (Rs 398 crore), Reliance Industries (Rs 390 crore), TVS Motor Company (Rs 294 crore), and Cholamandalam Investment & Finance (Rs 255 crore).
Standard Chartered Bank exits Protean eGov Tech; sells 3.09 pc stake for Rs 225 crore
The shares were disposed of at an average price of Rs 1,799.79 apiece, taking the deal value to Rs 224.97 crore.At the end of the June quarter, London-based Standard Chartered Bank owned a 3.09 per cent stake in Protean eGov Technologies, shareholding data showed with the bourse
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Swedish PE firm EQT sells entire holding in RBL Bank for Rs 1,091 crore via bulk deal
Swedish private equity firm EQT AB sold its entire 7.89% stake in RBL Bank, amounting to 4.78 crore shares, in a bulk deal worth ₹1,091.15 crore on the BSE. The shares, sold through its entity Maple II B V at ₹228.08 per share, were acquired by Morgan Stanley’s Asia Singapore PTE and Societe General for ₹285.12 crore and ₹161.74 crore, respectively. RBL Bank shares closed 2.95% down at ₹230.4 on Thursday.
Block deals worth over Rs 9,947 crore this week. HDFC Bank, Infosys, Adani Ports among stocks with major action
In the large cap segment, 15 companies witnessed significant block deals worth Rs 5,725 crore led by HDFC Bank with 43 block counts totalling to Rs 2,446 crore. The next in line were Adani Ports and Special Economic Zone (Rs 469 crore), Godrej Consumer (Rs 421 crore), TVS Motor Company (358 crore), Infosys (Rs 339 crore), Interglobe Aviation (Indigo, Rs 288 crore) and Maruti Suzuki (Rs 218 crore).
Neogen Chemicals promoter sells 5.6% stake
Kanani sold 14.95 lakh shares at 1,611.14 each. Shares of Neogen Chemicals closed at 1,592.85 on Friday after a decline of 4.76%
Affle Holdings cuts holding in Affle (India)
Promoter Affle Holdings PTE divests 25 lakh shares of Affle (India) Ltd in a significant transaction on NSE, generating 322.5 crore. The sale, executed at 1,290 per share, reduces Affle Holdings' stake to 42.59%. The Monetary Authority of Singapore emerges as the buyer amidst Affle (India)'s 5.73% stock surge, closing at 1,364.
Olympus Capital Asia divests 9% stake in Aster DM Healthcare for Rs 1,530 crore
According to bulk deal data from BSE, Olympus Capital Asia Investments sold 4.50 crore shares, equivalent to a 9% stake in Aster DM Healthcare, in two tranches. The shares were sold within the price range of Rs 340 to Rs 340.13 each, totalling Rs 1,530.08 crore.
ET Explainer: What are block and bulk deals?
Block deals involve large investors and do not impact stock prices in real time.
Marshall Wace sells Rs 394-crore worth Shriram Finance shares
The hedge fund sold 1.4 million shares at 2684.3 apiece. BNP Paribas Financial Markets was a buyer in the deal. Shares of Shriram Finance gained 1.75% to close at 2,731.3 on Friday and are up 17.8% in the last one month.
Promoter Blackstone sells 15% stake in Mphasis for Rs 6,700 crore
Blackstone held a majority stake in the IT firm at 55% as of March. Now it's down to 40%, but still, it's the largest shareholder. Mutual funds hold 13.88% and foreign investors like Nomura hold 14.86%. According to the exchange data, marquee funds including Kotak MF, Morgan Stanley, Societe Generale picked up stakes in the transaction.
IRB Holding sells Rs 1,444.8 cr worth IRB Infrastructure shares
In a separate deal, Nomura India Investment Fund bought shares of IRB Infrastructure Developers worth 256.59 crore on BSE. Shares of IRB Infrastructure Developers slumped 9.9% to close at 65.5 on Thursday.
FPIs sell PNB Housing shares worth Rs 843.79 crore in bulk deal
As of March 2024, General Atlantic Singapore Fund FII PTE owned 9.82% stake in the company while Asia Opportunities V (Mauritius) owned 9.88% stake in the company. Societe Generale was among the buyers in the deal and bought shares worth ₹94.82 crore.
Two entities sell 4.9 pc stake in Gland Pharma for Rs 1,411 cr
Two entities -- Lakumi Trust and Nicomac Machinery -- on Tuesday divested a 4.9 per cent stake in Gland Pharma for Rs 1,411 crore through open market transactions. Lakumi Trust and Nicomac Machinery Pvt Ltd disposed of 81.20 lakh shares of Gland Pharma in separate bulk deals on the National Stock Exchange (NSE).
Citigroup buys shares of two banks for Rs 222 crore
US-based Citigroup on Monday bought shares of two private lenders, RBL Bank and South Indian Bank, for Rs 222 crore through open market transactions. Citigroup through its affiliate Citigroup Global Markets Mauritius purchased shares through two separate bulk deals on the BSE.
Sanlam Life cuts Shriram Finance stake
Shares of the company closed 1.1% down at ₹2,360 on Thursday, after declining 3.22% in the last one month.
Olympus Capital Asia divests 9.8% stake in Aster DM Healthcare for Rs 1,978 cr
According to the bulk deal data available with the BSE, more than 4.42 crore equity shares of Aster DM Healthcare were sold by Olympus Capital Asia Investments and 45.59 lakh shares by Olympus ACF Pte Ltd of the company. In a separate deal, Capital Group acquired shares of Aditya Vision, a financial services company, for Rs 95 crore.
StanChart Bank exits CDSL through a Rs 1,266-crore bulk deal
According to exchange data, the bank has offloaded 75 lakh shares or 7.1% stake in the company at Rs 1,688.4, taking the deal value to around Rs 1,266 crore.
Larsen & Toubro buys 1.20 cr units of National Highways Infra Trust for Rs 149 cr
Larsen & Toubro acquired 1.20 crore units of National Highways Infra Trust at Rs 124.71 per unit, securing 11.02% unitholding. The trust, sponsored by NHAI, had a deal value of Rs 149.65 crore.
ICICI Prudential MF buys Star Health's shares for Rs 193 crore
ICICI Prudential Mutual Fund on Tuesday bought shares of Star Health and Allied Insurance Company for Rs 193 crore through an open market transaction.
Rakesh Gangwal sells 5.8% stake in InterGlobe Aviation for Rs 6,786 crore
Gangwal, the co-founder of India’s largest carrier, had said that he would gradually reduce the holdings in the company after stepping down from the board in February 2022. Shobha Gangwal has completely exited the airline.
Carlyle Group sells 1.4% stake in YES Bank via open market for over Rs 1,000 crore
CA Basque Investments, the Mauritius-based special purpose vehicle owned by Carlyle Group, sold 39,00,00,000 shares of the lender at Rs 27.10 a share, bulk deals data on the BSE showed. Morgan Stanley Asia Singapore Pte bought 30,63,05,668 shares or 1.1% in the lender through a separate bulk deal for Rs 830 crore.
Artisan Partners divests 1.2% stake in Indus Towers for Rs 717 crore
According to the bulk deal data available with the BSE, Artisan International Value Fund offloaded 3,33,46,663 shares, amounting to a 1.24 per cent stake in Indus Towers.
KKR exits Indus Towers via sale of 5% stake; Canada Pension Fund sells 2% holding
Through a separate deal, the Canada Pension Plan Investment Board (CPPIB) sold 57,669,394 shares, representing a 2% stake in the telecom tower infrastructure services provider at Rs 212.15 apiece, aggregating Rs 1,223 crore.
Bulk deal: Goldman Sachs, other marquee funds buy stakes in Medi Assist Healthcare post-listing
While Goldman Sachs has invested about Rs 72 crore for 15 lakh shares, Nomura India Stock Mother Fund has picked up 5 lakh shares for about Rs 23 crore through bulk deals.
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